Exhibit
16.1

Disclosure of Mine Safety
and Health Administration (MSHA) Safety Data

MFC Industrial Ltd.s Pea
Ridge Mine in the United States is subject to regulation by MSHA under the
United States Federal Mine Safety and Health Act of 1977 (the Mine Act). MSHA
inspects mines and issues various citations and orders when it believes a
violation has occurred under the Mine Act, and it typically proposes a civil
penalty, or fine, related to the alleged violation.

The following disclosures
are provided pursuant to Section 1503(a) of theDodd-Frank Wall Street Reform and Consumer Protection
Act(Dodd-Frank), which
requires certain disclosures by companies operating mines regulated under the
Mine Act and which are required to file periodic reports under theSecurities Exchange Act of
1934.

During the year ended
December 31, 2013, the Pea Ridge Mine did not receive a written notice from MSHA
of (a) a pattern of violations of mandatory health or safety standards that are
of such nature as could have significantly and substantially contributed to the
cause and effect of mine health or safety hazards under section 104(e) of the
Mine Act or (b) the potential to have such a pattern.

The information in the
table below reflects citations and orders issued by MSHA inspectors to the
relevant Pea Ridge Mine site during the year ended December 31, 2013. This data
may not match or reconcile with the data MSHA maintains on its public
website.

In evaluating this
information, consideration should be given to factors such as: (a) the number of
citations and orders may vary depending on the size, nature of operations and
operational status of the mine, (b) the number of citations issued may vary from
inspector to inspector and mine to mine, and (c) citations and orders may be
contested and appealed, a process which may result in a reduction in severity
and amount, or they might be dismissed.

Mine Safety
Disclosures

|Mine Act Section
      104  Significant and Substantial Citations                                                      |   | 1    
|----------------------------------------------------------------------------------------------------------------------- | - | -----
|Mine Act Section 104(b)
Orders                                                                                          |   | -    
|Mine Act Section
      104(d) Citations and Orders                                                                      |   | 1    
|Mine Act Section 110(b)(2) Flagrant
      Violations                                                                    |   | -    
|Mine Act Section
      107(a) Imminent Danger Orders                                                                    |   | -    
|Total US$ Value of Proposed MSHA
      Assessments                                                                      | $ | 2,912
|Total Number of
      Mining Related Fatalities                                                                         |   | -    
|Received Notice of Pattern of
      Violations Under Mine Act Section 104(e)                                            |   | No   
|Received Notice
      of Potential to Have Pattern of Violations Under Mine Act Section
      104(e)                    |   | No   
|Total number of pending legal actions
      before the Federal Mine Safety and Health ReviewCommission
      (FMSHRC) |   | -    
|Number of
      pending contests of citations and orders                                                                |   | -    
|Number of pending contests of proposed
      penalties                                                                  |   | -    
|Number of
      pending complaints for compensation                                                                     |   | -    
|Number of pending complaints of
      discharge                                                                         |   | -    
|Number of
      pending applications for temporary relief                                                               |   | -    
|Number of pending appeals of judges
      decisions or orders to the FMSHRC                                            |   | -    
|Total number of
      legal actions instituted by the FMSHRC                                                            |   | -    
|Total number of legal actions before
      the FMSHRC resolved                                                          |   | -    

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